Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.024%

Price spread now: Phemex against SoDEX+0.111%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phemex is 0.111% dearer against SoDEX than usual: you sell high and buy low (spread +0.111% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SKHX-USD	1,381.4	0.0050	pay 0.0006% / 1h	13m 31s	$735	$8K	10x
Short	Phemex SKHYNIXUSDT	1,382.9	0	get 0.0000% / 8h	3h 13m	$1.2M	$775K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee PhemexbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$10.5
Price spread: +0.111% → 0.000%: $11.15
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$19.35
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	1.30 bp	55.1 bp −$55	doesn't fit	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SKHYNIX on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX SKHYNIXUSDC	−0.0160%	4h	1,383.6	+0.160%	$3.4M	$392K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,380.8	−0.038%	$18.7M	$38.1M	20x	as long as short
Extended SKHYNIX-USD	0.0000%	1h	1,381.3	−0.005%	$2.4M	$71K	10x	as long as short
Binance SKHYNIXUSDT	0.0000%	4h	1,380.3	−0.080%	$342.0M	$800.9M	50x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,380.9	−0.033%	$20.1M	$31.6M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,382.4	+0.072%	$142.0M	$71.1M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,383.1	+0.124%	$100K	$208K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,383.6	+0.160%	$1K	$580K	10x	as long as short
HTX SKHYNIX-USDT	0.0000%	4h	1,382	+0.042%	$1.3M	$2.4M	50x	as long as short
Phemex SKHYNIXUSDTshort	0.0000%	8h	1,382.9	+0.111%	$1.2M	$775K	10x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SKHYNIX-USDT	+0.0005%	4h	1,382.7	+0.098%	$2.6M	$4.1M	50x	as long as short
Bullet SKHYNIX-USD	+0.0044%	1h	1,380	−0.103%	$14K	$469K	10x	as long as short
tradeXYZ xyz:SKHX	+0.0050%	1h	1,379	−0.172%	$300.6M	$230.1M	10x	as long as short
SoDEX SKHX-USDlong	+0.0050%	1h	1,381.4	long leg	$735	$8K	10x
Polymarket Perps SKHYNIX-USD	+0.0053%	1h	1,380.2	−0.085%	$267K	$997K	10x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,381.6	+0.015%	$107K	$408K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,380.6	−0.055%	$5.1M	$8.0M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,385.4	+0.294%	$144K	$260K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,381.1	−0.022%	$5K	$858	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,382.1	+0.052%	$32K	—	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0174%	1h	1,382.2	+0.058%	$659	$37K	5x	as long as short
Bitget SKHYNIXUSDT	+0.0192%	4h	1,380.5	−0.065%	$22.7M	$28.3M	20x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0389%	8h	1,380.5	−0.063%	$53.9M	$116.0M	50x	as long as short